Current affairs April 02 2020

1. The statehood day of which Indian state is celebrated as ‘Utkal Divas’ on April 1?

Ans: Odisha (The Indian state of Odisha was formed on 1st April 1936. Its statehood day is called as ‘Utkal Divas’, which is celebrated in the state and across the country.On the memory of the formation of Odisha as a separate state from the earlier Bihar and Orissa province, the day has been celebrated. Due to the nation-wide lockdown because of the coronavirus pandemic, there were no prominent celebrations in the state.)

2. Arjun Dev, who recently passed away, was associated with which profession?

Ans: Historian (Veteran Indian historian Arjun Dev, who co-authored several popular NCERT books, recently passed away in Noida.Mr. Arjun Dev served as a historian at the National Council of Educational Research and Training (NCERT) for many years. He wrote many famous NCERT books on Modern and Contemporary India and the World, along with his wife Indira Arjun. In the later part of his life, he was associated with the ‘Towards Freedom Project’ of the Indian Council of Historical Research.)

3. ‘Navaratnalu – Pedalandariki Illu’ is a welfare scheme of which Indian state, under which 25 lakh house sites are to be distributed at concessional rates to the poor?

Ans: Andhra Pradesh (The state government of Andhra Pradesh has recently issued modified guidelines in the Navaratnalu – Pedalandariki Illu (houses for all the poor) scheme, under which 25 lakh house sites are to be distributed at concessional rates to the poor.As per the recent order, the house sites will be allotted at a concessional rate of ₹1 for the beneficiaries with white ration cards. A sum of only ₹ 20 will be collected from them towards cost of stamp paper and lamination charges. The distribution is also postponed to April 14, from March 25.)

4. Which payment company has partnered with ICICI Lombard General Insurance to launch the first coronavirus insurance cover for merchants?

Ans: BharatPe ( Amid the coronavirus pandemic, this policy on a positive diagnosis of COVID-19 will pay 100 percent of the sum insured, irrespective of hospitalisation expenses. The new product is a step forward in BharatPe’s endeavour in introducing industry-first initiatives for shopkeepers. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants, stated the press release. The health cover is priced at a premium starting at an amount of Rs 199 and provides a sum insured for Rs 25,000 and value-added benefits such as health assistance and CHAT/virtual assistance, teleconsultation, and ambulance assistance. The unique benefit of the COVID-19 Insurance Protection Cover is the coverage.)

5. As per the recent changes in the direct tax system, what is the number of days NRIs needed to spend in India to qualify as Indian tax resident?

Ans: 120 (NEW DELHI : Big changes in India’s direct tax regime will come into force on Wednesday, covering a host of stakeholders, including non-resident Indians (NRIs), company shareholders, digital firms and individual income taxpayers, with provisions of the Finance Act taking effect on 1 April.One of the key changes that take effect applies to non-residents. NRIs who have more than ₹15 lakh income from Indian sources will be deemed as Indian residents for the purpose of taxation if they had spent 120 days in India in the previous year. Earlier, the time Indian citizens or persons of Indian origin needed to spend in India to qualify as Indian tax resident was 182.)

6.The Foreign Trade Policy, which has been extended till March 2021, came into force in which year?

Ans: 2015 (India’s Foreign Trade Policy (FTP) ending March 31 has been extended by another year. The existing sops will thus continue till March 31, 2021. The present policy, which came into force on April 1, 2015, had five-year validity up to March 31, 2020. The Ministry of Commerce in a release said the decision was taken in view of the unprecedented situation arising out of the COVID-19 pandemic.)

7. Which Indian private sector bank has recently rolled out banking services on WhatsApp amidst the nation-wide lock-down?

Ans: ICICI Bank (India’s leading private lender ICICI Bank recently announced the launch of banking services on WhatsApp amid the nation-wide lockdown resulting from the coronavirus pandemic. The customers have to save ICICI Bank’s verified WhatsApp profile number in their contact. Using the WhatsApp banking services, the customers are provided with several banking services including checking their savings account balance, last transactions, credit card limit and blocking/unblocking credit and debit card.)

8. All private sector and foreign banks should intimate re-appointment of MD & CEO how many months in advance, as per the new stipulation of the Reserve Bank of India?

Ans: Six (As per the new stipulation of the Reserve Bank of India, all private sector and foreign banks will have to intimate cases of re-appointment of Managing Director and Chief executives to the Central Bank, 6 months in advance. Earlier the practice was intimating the cases 4 months in advance. The number of names required to be mentioned in cases of fresh appointments of MD and CEOs has also been reduced to two, from three earlier.)

9. The report titled ‘East Asia and Pacific in the Time of Covid-19’ has been released by which global organisation?

Ans: World Bank (According to the April 2020 update of the World Bank, titled ‘East Asia and Pacific in the Time of Covid-19’, it has estimated that nearly 11 million people would be affected by poverty in East Asia and the Pacific as a result of the coronavirus pandemic. The World Bank has earlier estimated that about 35 million people would escape poverty in East Asia and the Pacific in 2020.)

10. The 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting was held under the Presidency of which country?

Ans: Saudi Arabia ( The 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting was recently organised via tele-conferencing under the Presidency of Saudi Arabia.Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman participated in the virtual meeting. The impact of COVID-19 pandemic on the global economy and markets was discussed and coordinate efforts in response to this global challenge. Finance Minister asked for reviewing and enhancing the IMF toolkit.)

11. After the revision in the interest rates on small savings schemes for the first quarter 2020-21, what is the interest rate for Sukanya Samriddhi Account Scheme?

Ans: 7.6% (Interest rate on public provident fund (PPF) scheme has been lowered to 7.1 per cent for the upcoming June quarter of financial year 2020-21. This is the lowest interest rate offered on the popular small savings scheme since 1977. Till the March quarter of FY20, PPF accounts used to attract 7.9 per cent interest. Finance Ministry has slashed the interest rates on other small savings schemes too, with changes varying in the range of 0.7-14 per cent. The new interest rates will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020. Rates for small savings schemes are revised quarterly.)

12. “Stranded in India” is a portal launched by which Union Ministry to help foreign tourists who are stranded in the country amid the prevailing lockdown?

Ans: Ministry of External Affairs (

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